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NEWSONG GRANTS
Newsong provides down payment assistance for purchases of both residential and commercial properties. The program features a one-time gift to cover all closing costs, and those who qualify for an FHA loan are eligible to apply for Newsong.
The program does not require inspections or credit checks, and there are no first time homebuyer restrictions. Newsong is open to anyone buying a home with a pre-approved FHA loan or an existing FHA loan;
- Up to $25,000 in down payment assistance is available to cover closing costs on a home purchased with an FHA loan.
- Additional assistance may be available on a case-by-case basis.
- Down payment assistance money is made available 24 hours after approval.
Same-day approval is possible if your loan officer submits an application before noon during on a business day. The seller must participate in the Newsong program and is required to pay a fee. The payment is not a tax-deductible charitable contribution. Ask your loan officer for further information if you have questions.
Since the this program uses many of the same items needed for an FHA loan,
we suggest that you familiarize yourself with all the characteristics of FHA loans by
going to FHA Loan Program: Important Facts and then apply online.
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FHA HOME LOAN
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FHALoan.com is a private mortgage company specializing in fha home loans and is not associated with the federal government or HUD / FHA.
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